UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, ~~D.C.~~DC 20549

FORM 8-K

CURRENT REPORT

~~Pursuant~~PURSUANT toTO ~~Section~~SECTION 13 orOR 15(d) ~~of the Securities Exchange Act 1934~~OF

~~Date~~THE ~~of Report~~SECURITIES ~~(date~~EXCHANGE ofACT ~~earliest~~OF ~~event reported): April 17, 2007~~1934

~~PacificNet~~Date ~~Inc.~~of report (Date of earliest event reported) June 13, 2008

PACIFICNET INC.

(Exact name of registrant as specified in charter)

Delaware

Delaware	000-24985	91-2118007
(State or Other Jurisdiction	(Commission File	(IRS Employer
of Incorporation)	Number)	Identification No.)

(State or other jurisdiction of incorporation)

000-24985		91-2118007
(Commission File Number)		(IRS Employer Identification No.)

c/o PacificNet Inc.

23/F, Tower A, TimeCourt, No.6 Shuguang Xili,

~~(Address of~~Chaoyang ~~principal~~District, ~~executive~~Beijing, China ~~offices and zip code)~~ 100028

(Address of Principal Executive Offices) (Zip Code)

011-852-2876-2900

(Registrant'’s telephone number, including area code)

(~~Registrant's~~Former ~~former~~Name ~~name~~ or ~~former~~Former ~~address~~Address, if ~~changed~~Changed ~~since~~Since ~~last~~Last ~~report~~Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12~~(b)~~ under the Exchange Act (17 CFR 240.14a-12(b))

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 23.~~02 Results~~ 01 Notice of ~~Operations~~Delisting ~~and~~or ~~Financial~~Failure ~~Condition~~to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On ~~April~~ 17June 13, ~~2007~~2008, PacificNet Inc. (NASDAQ: PACT) (the “Company” or “PacificNet”), issued a press release, ~~and hosted~~attached ato ~~conference~~this ~~call~~Current ~~during~~Report ~~which~~on ~~the~~Form ~~Company’s~~8–K ~~unaudited~~as ~~operating~~Exhibit ~~results~~99.1, ~~for~~reporting that the ~~fourth~~Company ~~quarter~~received ofa ~~2006~~letter ~~and the~~on ~~fiscal~~June ~~year~~13, ~~ended~~2008 ~~December~~(the ~~31,~~“Deficiency ~~2006 were~~Letter”), ~~discussed. A~~from ~~copy~~The Nasdaq Stock Market indicating that the Staff has determined ofthat the ~~press~~Company's ~~release~~stockholders' isequity ~~attached~~does ~~hereto~~not ascomply ~~Exhibit~~with ~~99.1~~the minimum $10,000,000 ~~and~~stockholders' aequity ~~transcript~~requirement offor continued listing on The NASDAQ ~~the conference~~Global ~~call~~Market isset ~~attached~~forth ~~hereto~~in asMarketplace ~~Exhibit~~Rule 994450(a)(3).2 PacificNet plans to submit its plan to regain compliance shortly.

~~Item~~The 9Company may present its views with respect to the deficiency reflected in the Deficiency Letter in writing to the Panel no later than June 20, 2008.~~01 Financial~~ In the event the Company fails to address the deficiency ~~Statements~~reflected in the Deficiency Letter, the Panel will consider the record as presented at the hearing and ~~Exhibits~~will make its determination with respect to continued listing of the Company’s securities based upon that information. There can be no assurance that the Panel will grant the Company’s request for continued listing.

Exhibit No.	Description
99.1	Press Release dated April 17, 2007 - PacificNet Reports Unaudited Financial Results for Q4 and FY 2006
99.2	April 17, 2007 conference call transcript

A copy of a press release relating to the foregoing is attached hereto as Exhibit 99.1.

Safe Harbor Statement

This Company's announcement contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Potential risks and uncertainties include, but are not limited to, PacificNet's historical and possible future losses, limited operating history, uncertain regulatory landscape in China, fluctuations in quarterly operating results and PacificNet’s ability to maintain its continued listing on Nasdaq. Further information regarding these and other risks is included in PacificNet's Form 10-Q and 10-K and other filings with the SEC.

Item 9.01. Financial Statements and Exhibits.

The following exhibit is furnished herewith:

99.1 Press release dated June 13, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the ~~Registrant~~ registrant has duly caused this report to be signed on its behalf by the undersigned ~~hereunto~~ hereunto duly authorized.

	PACIFICNET, INC.
Date: April 23, 2007	By:	/s/ Victor Tong
		Name: Victor Tong Title: President

PACIFICNET INC.

~~Exhibit Index~~By: /s/ Victor Tong

Exhibit No.	Description
99.1	Press Release dated April 17, 2007 - PacificNet Reports Unaudited Financial Results for Q4 and FY 2006
99.2	April 17, 2007, conference call transcript

Name: Victor Tong

Title: President

Dated: June 20, 2008

EXHIBIT INDEX

Exhibit No. Description

99.1 Press Release of PacificNet Inc. dated June 13, 2008.

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